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Stock Market & Financial Investment News

News For BCS;TRV;FMER;WFC;MMC;ZION From The Last 14 Days
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May 20, 2015
10:15 EDTBCSFive banks agree to parent-level guilty pleas in settlement over forex rigging
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10:15 EDTBCSBarclays to pay $400M penalty to settle CFTC forex charges
The CFTC issued an Order filing and settling charges against Barclays Bank for attempted manipulation, false reporting, and aiding and abetting other banks’ attempts to manipulate, global foreign exchange benchmark rates to benefit the positions of certain traders. This Order requires Barclays to pay a civil monetary penalty of $400M, cease and desist from further violations, and take specified steps to implement and strengthen its internal controls and procedures, including the supervision of its FX traders, to ensure the integrity of its participation in the fixing of foreign exchange benchmark rates and internal and external communications by traders. The Order notes that the $400M civil monetary penalty reflects in part that Barclays did not settle at an earlier stage of the investigation. In addition to the charges related to Barclays’ misconduct in FX benchmark rates, the Commission took enforcement action against Barclays and its affiliates on the same charges relating to abuses of the ISDAFIX benchmark. The Order recognizes the significant cooperation of Barclays during the CFTC’s Division of Enforcement’s investigation of this matter.
10:09 EDTBCSCiti, JPMorgan, RBS, Barclays, UBS agreed to guilty pleas in forex settlement
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10:04 EDTBCSFCA fines Barclays GBP284M for forex failings
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08:21 EDTWFCATM data theft soars to highest rate in two decades, WSJ says
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May 19, 2015
15:42 EDTBCSBanks' settlement over forex rigging to be announced tomorrow, CNBC says
Several banks are said to plan to plead guilty and pay "billions" in fines in a settlement over their roles in foreign exchange manipulation that is expected to be announced Wednesday, according to CNBC's Kate Kelly. Prior media reports have listed Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS), JPMorgan (JPM) and Citigroup (C) as having been in talks with U.K. and U.S. authorities for their roles in foreign currency rigging.
07:13 EDTZIONBarclays to hold a conference
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May 18, 2015
09:46 EDTWFCMPLX enters common unit sales agreement for up to $500M
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09:01 EDTMMCMarsh, FireEye announce collaboration to offer cybersecurity readiness service
Marsh (MMC) and FireEye (FEYE) announced a collaboration to offer clients Marsh Cyber OASIS. This service is designed to assists clients by providing an objective evaluation of their organization’s ability to detect and respond to cyber-attacks, and the strength of their technical infrastructure.
07:12 EDTBCSBarclays expected to face over GBP250M in fines for rigging, Telegraph says
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06:15 EDTBCSCiti divests 16% stake in Grupo Aeromexico, Reuters reports
Citigroup (C) has sold its 16% stake in Grupo Aeromexico, the Mexican airline says, Reuters reports. According to the airline, Barclays Capital (BCS) acquired about 8% of shares through a financial operation with Delta (DAL). Reference Link
May 15, 2015
16:32 EDTWFCBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
07:50 EDTBCSDOJ tearing up prior UBS rigging settlement after new violations, WSJ reports
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May 14, 2015
06:51 EDTWFCWells Fargo looking to streamline operations, Charlotte Observer says
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06:49 EDTBCSBanks to pay several billion over alleged currency violations, NY Times says
Barclays (BCS), JPMorgan Chase (JPM), Citigroup (C) and the Royal Bank of Scotland (RBS) are expected to agree to pay a combined "several billion dollars" as part of a settlement with the U.S. over alleged foreign exchange rigging, according to The New York Times, which cited unnamed sources. The banks are also expected to plead guilty to criminal antitrust violations, but it is not anticipated that their operations will be significantly affected as a result of those pleas, the newspaper stated. Meanwhile, UBS (UBS) will pay a fine of up to $500M related to alleged "foreign currency misconduct," the newspaper stated. Reference Link
May 12, 2015
16:49 EDTWFCWells Fargo to pay $77M in trust fund case, St. Louis Today says
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07:48 EDTBCS, WFCStandard & Poor's to hold a summit
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May 11, 2015
09:58 EDTBCSBarclays expected to pay GBP2B to settle forex rigging charges, FT says
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08:19 EDTZIONJefferies to hold a field trip
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08:18 EDTWFCBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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